Consolidated Omnibus Budget Reconciliation Act of 1985
n.
A federal law that allows some employees to maintain health coverage through an employer after leaving employment.
abbrv.
COBRA

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


Consolidated Omnibus Budget Reconciliation Act of 1985
Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA)
USA
A federal law that requires most group health plans to allow individuals who lose coverage under the plan, as a result of certain events, to elect to continue their coverage under the plan for a period of time on a self-pay basis (29 U.S.C. § 1161 and 42 USC § 300bb-1).

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


Consolidated Omnibus Budget Reconciliation Act of 1985
n. A federal statute requiring employers who provide a group health insurance plan for their employees to continue providing coverage to an employee for 18 months following termination or firing, or to a spouse of an employee in the event of divorce, for a period of 36 months following the entry of the divorce decree, provided that the spouse was covered by the employee's health insurance during the marriage. Obligation for payment of the health insurance premium is borne by the terminated employee or, in the event of divorce, by the party designated in the divorce papers, but in no event by the employer. Abbreviated cobra consolidation
n.
1 The act of combining two or more things into one.
2 In corporate law, the union of two or more corporations into a new corporation along with the dissolution of the original corporations.
See also merger.
3 In civil procedure, the court-ordered combination of two or more actions that involve the same parties or issues. In the end, there may be a single judgment for all the actions or a separate judgment for each original action.
See also joinder.

Webster's New World Law Dictionary. . 2000.

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